Financial Services

Aditya Birla Capital Limited (ABCL)

Chemicals

Aditya Birla Chemicals (Thailand) (ABCTL)

Fashion

Aditya Birla Fashion and Retail Limited (ABFRL)

Real Estate

Aditya Birla Real Estate

Aditya Birla Sun Life AMC Limited (ABSLAMC)

Carbon Black

Birla Carbon

Cellulosic Fibre

Textiles

Grasim Industries Limited

Metals

Hindalco Industries Limited

Novelis Inc

Cement

UltraTech Cement Limited

Telecom

Vodafone Idea Limited (Vi)

UltraTech Cement Limited is the cement flagship company of Aditya Birla Group. A USD 8.4 billion company, UltraTech is the largest manufacturer of grey cement, ready-mix concrete (RMC) and white cement in India. In 2025, UltraTech extended its footprint in the construction value chain, through wires and cables segment with a planned capital expenditure of ~ INR 1,800 crore over the next 2 years.UltraTech is the third largest cement company in the world, excluding China, with a consolidated production capacity of 154.86 Million Tonnes Per Annum (MTPA) of grey cement. UltraTech is the only cement company globally (outside of China) to have 100+ MTPA of cement manufacturing capacity in a single country. The Company’s business operations span UAE, Bahrain, Sri Lanka and India.UltraTech’s manufacturing footprint comprises of 24 integrated manufacturing units, one Clinkerisation unit, 33 grinding units and 8 bulk packaging terminals. With 316 Ready Mix Concrete (RMC) plants in 139 cities, UltraTech is the largest manufacturer of concrete in India. It has a slew of speciality concretes that meet specific needs of discerning customers.&nbsp;UltraTech’s Building Products business is an innovation hub that offers an array of scientifically engineered products to cater to new-age constructions. UltraTech is the leading player in the white cement segment in India and is retailed in the market under the brand name 'Birla White'. UltraTech has one white cement unit and three wall care putty units. UltraTech pioneered the UltraTech Building Solutions (UBS) concept to provide individual home builders with a one-stop-shop solution for building their homes. This is the first pan-India multi-category retail chain catering to the needs of individual home builders (IHBs). Currently, there are over 4400 UBS outlets in 23 states across India.UltraTech is also a founding member of Global Cement and Concrete Association (GCCA). It is a signatory to the GCCA Climate Ambition 2050 and has committed to the Net Zero Concrete Roadmap announced by GCCA. UltraTech is focused on accelerating the decarbonisation of its operations, and is the first company in India and the second company in Asia to issue dollar-based sustainability linked bonds. UltraTech works to actively contribute to the social and economic development of the communities in which it operates in. The Company’s social initiatives focus on education, healthcare, sustainable livelihoods, community infrastructure and social causes. UltraTech reaches out to more than 1.8 million beneficiaries in over 507 villages in 16 states across India.

<figure class="table"><table><tbody><tr><td>&nbsp;</td><td>Q4FY’25</td><td>Q4FY’24</td><td>FY’25</td><td>FY’24</td></tr><tr><td>Net Sales</td><td>22,788</td><td>20,069</td><td>74,936</td><td>69,810</td></tr><tr><td>PBIDT</td><td>4,721</td><td>4,250</td><td>13,302</td><td>13,586</td></tr><tr><td>PAT</td><td>2,482</td><td>2,258</td><td>6,039</td><td>7,005</td></tr></tbody></table><figcaption><span style="line-height:107%;mso-ansi-language:EN-IN;mso-bidi-language:AR-SA;mso-fareast-font-family:Aptos;mso-fareast-language:EN-US;mso-fareast-theme-font:minor-latin;mso-font-kerning:0pt;mso-ligatures:none;">Consolidated (Rs. Crores)</figcaption></figure>The Composite Scheme of Arrangement between Kesoram Industries Limited, the Company and their respective shareholders and creditors is effective from 1st March, 2025. The Appointed Date being 1st April, 2024, previous year figures have been restated in accordance with the provisions of IndAS. &nbsp;<h3>Leading with Scale, Growing in Strength and Winning with Purpose</h3>UltraTech Cement Limited today announced its financial results for the quarter and year ended 31st March, 2025.The Company’s consolidated sales volumes reached 41.02 ml mt for the quarter, growing by 17%. Excluding acquired assets, operating EBITDA/mt was Rs.1,270/mt, up 7% YoY and 32% QoQ. The Company also achieved over 1GW capacity of renewable power installations, making UltraTech one of the first industrial companies in India to commission 1 Gigawatt of Renewable Energy capacity for captive use. &nbsp;<h3>FINANCIALS</h3><h4> Q4FY2024-25</h4>Consolidated Net Sales was Rs. 22,788 crores, vis-à-vis Rs. 20,069 crores in the corresponding period of the previous year. Profit before interest, depreciation and tax was Rs. 4,721 crores compared to Rs. 4,250 crores in the corresponding period of the previous year. Profit after tax was Rs. 2,482 crores compared to a profit Rs. 2,258 crores in the corresponding period of the previous year.<h4>FY2024-25</h4>The Company achieved sales volumes of 135.83 ml mt for the year, one of the highest globally (excluding China). Consolidated Net Sales for the year reached Rs. 74,936 crores, up from Rs. 69,810 crores last year. Profit before interest, depreciation, and tax was Rs. 13,302 crores, a slight decrease from Rs. 13,586 crores in the previous fiscal year. UltraTech added 42.60 mtpa through organic and inorganic growth during FY25, resulting in profit after tax decreasing to Rs. 6,039 crores from Rs. 7,005 crores due to increased interest and depreciation. &nbsp;<h3>OPERATIONS</h3>Energy costs were lower by 14% YoY, mainly on account of decrease in fuel cost which was Rs.881/t in Q4FY25 compared to Rs.1025/t in Q4FY24. Effective capacity utilization was 89% during the quarter and 78% for the full year. &nbsp;<h3>DIVIDEND</h3>The Board of Directors at their meeting held today have recommended a dividend of 775%&nbsp;at the rate of Rs.77.50/- per equity share of face value of Rs.10/- per share, aggregating Rs.2,283.75 crores. In terms of the provisions of the Finance Act, 2020, the dividend shall be taxed in the hands of shareholders at applicable rates of tax and the Company shall withhold tax at source appropriately. &nbsp;<h3>CAPEX</h3>UltraTech’s expansion program is progressing as per schedule.As part of its ongoing capacity expansion program, UltraTech commissioned 17.40 mtpa capacity across several locations in the country during FY25. It also set up its first bulk terminal in Uttar Pradesh at Lucknow with a capacity to handle 1.8 mtpa of cement.UltraTech’s domestic grey cement capacity has increased to 183.36 mtpa, on a consolidated basis. Together with its overseas capacity of 5.4 mtpa, the Company’s global capacity stands at 188.76 mtpa.As India’s leading cement player, UltraTech is well placed to support the country in its exciting growth journey ahead. &nbsp;<h3>CORPORATE DEVELOPMENT</h3>Upon receipt of unconditional approval from the Competition Commission of India, UltraTech acquired the equity stake of the erstwhile promoters and members of the promoter group of The India Cements Limited (“ICEM”), resulting in ICEM becoming a subsidiary company with effect from 24th December, 2024. Additionally, UltraTech made an open offer to the public shareholders of ICEM to acquire equity shares representing 26% of ICEM’s equity share capital. Consequently, UltraTech’s total shareholding in ICEM stands at 25,25,29,160 equity shares of Rs.10/- each, representing 81.49% of ICEM’s equity share capital.The Composite Scheme of Arrangement between Kesoram Industries Limited (“Kesoram”) and the Company became effective from 1st March, 2025. The Appointed Date of the Scheme is 1st April, 2024 from which date Kesoram’s Cement Business stands transferred to and vested in the Company as a going concern. In terms of the Scheme, UltraTech allotted 59,74,301 equity shares of Rs. 10/- each to shareholders of Kesoram in the ratio of 1 (one) equity share of Rs. 10/- each of the Company for every 52 (fifty-two) equity shares of Rs. 10/- each held in Kesoram.In a separate development, UltraTech’s Board approved acquisition of 6,42,40,000 equity shares of Rs. 10/- each of Wonder WallCare Private Limited (“Wonder WallCare”), engaged in the manufacture of wall putty and related products for an Enterprise Value not exceeding Rs. 235 crores. Upon completion of the acquisition, Wonder WallCare will become a wholly-owned subsidiary of the Company. &nbsp;<h3>SUSTAINABILITY</h3>UltraTech was awarded in the “Circular Business Model-Matured category” within the Indian cement industry at the first Global Symposium and Awards on Resource Efficiency and Circular Economy, hosted by FICCI. The symposium's theme was “Scaling Resource Efficiency &amp; Circular Economy: Pathway for Global Sustainability.” UltraTech demonstrated effective resource utilisation and significant contributions to enhancing resource efficiency and the circular economy through innovative initiatives, digitalisation, and technology interventions. UltraTech prioritises material circularity to address issues such as overutilisation of resources, rising costs of natural raw materials, and waste disposal. By using alternative fuels and raw materials in its manufacturing processes, UltraTech reduces the use of natural resources and minimizes landfill waste, thus conserving natural resources and lowering environmental impacts.Continuing its stated commitment towards enhancing environment conservation measures,&nbsp;UltraTech added 269 MW of renewable power during the quarter. Combined with its 342 MW in Waste Heat Recovery Systems (WHRS), UltraTech’s total green energy capacity has now reached 1.363 GW, which will cover about 46% of UltraTech’s current power needs. &nbsp;<h3>GOING FORWARD</h3>Given the government’s focus on infrastructure and housing projects, along with increased rural and urban demand, a sustainable volume growth of 7- 8% is expected, going forward.While the sector may face short-term challenges, the long-term outlook is indicating signs of improvement with stable demand likely to support growth.

UltraTech Announces Q4 FY2025 Results

The strategic decision aims to accelerate <a href="/businesses/companies/ultratech-cement-limited/">UltraTech Cement’s</a> expansion in the white cement based putty and value added products’ segment.The Company’s Board of Directors at its meeting held today, approved the purchase of 100% equity of Wonder WallCare at an Enterprise Value not exceeding Rs. 235 crores. The Company has executed a Share Purchase Agreement with the existing shareholders of Wonder WallCare. The deal is expected to close in the next 90 days, subject to applicable regulatory approvals and compliances.This acquisition gives UltraTech, access to a new state-of-the-art 6 lac MT per annum manufacturing plant for wall putty and related products at Rajsamand - Nathdwara, Rajasthan. The plant is situated at the pithead of large high quality raw material reserves, and in close proximity to the Company’s existing putty manufacturing facilities in Rajasthan. Constructed in 2022-23, this plant is one of the largest single-location putty manufacturing sites in India, with a capability to ramp up its capacities in future. This acquisition will help the Company expand its putty and Value-Added Products’ production capacity, in the highly competitive and fragmented putty manufacturing market in India.With the rapid pace of urbanisation and growing real estate construction in India, alongside Hon’ble Prime Minister, Shri Narendra Modiji’s vision of ‘Make in India’ and ‘Atmanirbhar Bharat’, this acquisition aligns well with the Company’s strategy to support high quality real estate and contribute to infrastructure, manufacturing and economic growth.

UltraTech Cement to acquire Wonder WallCare

Aditya Birla Capital Limited (ABCL) is a listed systemically important non-deposit taking Non-Banking Financial Company (NBFC) and the holding company of the financial services businesses of the Aditya Birla Group.Through its subsidiaries/JVs, ABCL provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles.Powered by over 59,000 employees, the businesses of ABCL have a nationwide reach with over 1,482 branches and more than 200,000 agents/channel partners along with several bank partners.As of December 31, 2024, Aditya Birla Capital Limited manages aggregate assets under management of over Rs. 5.03 Lakh Crore with a consolidated lending book of over Rs 1.46 Lakh Crore through its subsidiaries/JVs.&nbsp; &nbsp;<h3>Aditya Birla Capital Limited is the holding company of all the following financial services businesses:</h3><ul><li>Aditya Birla Health Insurance Limited</li><li>Aditya Birla Housing Finance Limited</li><li>Aditya Birla Insurance Brokers Limited</li><li>Aditya Birla Sun Life Asset Management Company</li><li>Aditya Birla Sun Life Insurance</li><li>Aditya Birla Sun Life Mutual Fund</li><li>Aditya Birla Sun Life Pension Management Limited</li><li>Aditya Birla Asset Reconstruction Company Limited&nbsp; &nbsp;</li></ul><h3>Products</h3><h4>Finance</h4><ul><li>Home finance</li><li>Personal finance</li><li>SME finance</li><li>Real estate finance</li><li>Project finance</li><li>Loan again securities</li><li>Corporate finance</li><li>Debt capital market</li><li>Loan syndication &nbsp;</li></ul><h4>Asset management</h4><ul><li>Mutual funds</li><li>Wealth</li><li>Stocks and securities</li><li>Private equity</li><li>PMS</li><li>Real estate investment</li><li>Pension funds &nbsp;</li></ul><h4>Insurance</h4><ul><li>Life insurance</li><li>Health insurance</li><li>Motor insurance</li><li>Corp general insurance</li><li>Travel insurance &nbsp;</li></ul><h4>Advisory</h4><ul><li>Money advise tool</li></ul>

The amalgamation of Aditya Birla Capital’s wholly owned subsidiary with itself comes into effect from April 01, 2025, and the process has been completed, post requisite shareholders’ and regulatory / statutory approvals.<a href="/businesses/companies/aditya-birla-capital-limited-abcl/">Aditya Birla Capital Limited (ABCL)</a>, at its board meeting held on 31 March 2025, has announced the successful completion of the amalgamation of its wholly owned NBFC subsidiary, Aditya Birla Finance Ltd. (“ABFL”) with itself, vide the Order of Hon’ble National Company Law Tribunal (“NCLT”), Ahmedabad Bench, dated March 24, 2025. The Scheme of Amalgamation (“Scheme”) is effective from April 01, 2025, and the appointed date for the Scheme was April 01, 2024.The respective board of directors of ABCL and ABFL had approved the proposed scheme of amalgamation on March 11, 2024, and the process has been completed after receiving requisite approvals from shareholders, creditors, and regulatory / statutory authorities including the Stock Exchanges, Securities and Exchange Board of India (SEBI), Reserve Bank of India (RBI) and the National Company Law Tribunal (NCLT).The Board of Directors has also approved the appointment of Ms. Vishakha Mulye as the MD &amp; CEO and Mr. Rakesh Singh as the Executive Director and CEO (NBFC) of the amalgamated entity. These appointments are subject to regulatory and other requisite approvals.In addition, the Board has approved the appointment of Mr. Nagesh Pinge and Mr. Sunil Srivastav as Independent Directors of the Company.Commenting on the announcement, <a href="/our-story/leadership/mr-kumar-mangalam-birla/">Mr. Kumar Mangalam Birla</a>, Chairman Aditya Birla Group said, “India has shown remarkable economic ascent in recent years, with financial services playing a pivotal role in driving this progress. In line with the nation’s growth, Aditya Birla Capital has significantly expanded in scale and size, establishing itself as a core growth engine for the Aditya Birla Group. I am confident that the combined strength of our diversified financial products and services will enable us to accelerate growth, drive financial inclusion and be a key contributor to India’s vast economic growth opportunities.”Ms. Vishakha Mulye, CEO, Aditya Birla Capital said, “The successful completion of this amalgamation marks a significant step in our transformative growth journey, increasing our strength and agility as a unified larger operating entity. With a simplified corporate structure, we now have better access to capital to drive operational synergies, long-term growth and enhanced value creation for all stakeholders. We remain focused on simplifying finance and providing comprehensive financial solutions that meet our customers' diverse needs, while paving the way for ABCL’s next phase of growth.”The rationale and benefits of the proposed amalgamation are as follows:<ol><li>Rationalization and simplification of group structure: The amalgamation has resulted in reduction of legal entities and simplification of the group structure of ABCL.</li><li>Improved financial stability: ABCL will be converted from a Core Investment Company to an operating NBFC, and this will create a unified larger entity with greater financial strength and flexibility enabling direct access to capital. This will also help the Company maximise its share of opportunities by efficient utilisation and allocation of capital.</li><li>Likely stakeholder value enhancement: The amalgamation has led to consolidation of businesses and operational synergies, resulting in expansion and long-term sustainable growth. This will enhance the value for various stakeholders of the Company.</li><li>Increased operational efficiency: The amalgamation has led to seamless implementation of policy changes and reduction in the multiplicity of legal and regulatory compliances.</li></ol> As of December 31, 2024, Aditya Birla Capital Limited manages aggregate assets under management of over Rs. 5.03 Lakh Crore with a consolidated lending book of over Rs. 1.46 Lakh Crore and gross written premium of Rs. 16,942 Crore in Life and Health insurance businesses in 9M FY25. It reported a consolidated revenue of Rs. 28,376 Crore and a consolidated profit after tax of Rs. 2,468 Crore in 9M FY25. The Company has a pan-India presence with 1,482 branches across all businesses and more than 200,000 agents / channel partners along with several bank partners, as of December 31, 2024.

Aditya Birla Capital Limited completes amalgamation of Aditya Birla Finance Limited, creates a unified larger operating NBFC

From a single-unit textile entity in 1897, Century Textiles and Industries Ltd (CTIL) transformed into a commercial powerhouse with interests in diverse industries. In 2024, the company was officially rebranded as Aditya Birla Real Estate. Part of Aditya Birla Group, ABREL is a publicly traded Company with its corporate headquarters in Mumbai. It is present in the real estate industry, under the brand name Birla Estates.With the aim of delivering exceptional LifeDesignedTM home and office spaces, Birla Estates entered the realty sector in 2016, marking its foray into residential and commercial real estate. Birla Estate’s vision is to transform the perception of the Indian real estate sector by creating value and delivering an exceptional experience for every stakeholder.Its portfolio includes high-quality projects that not only provide luxurious living but also promote sustainable and eco-friendly lifestyles. It has successfully completed two commercial projects and launched five residential projects, establishing our presence in major cities such as Mumbai Metropolitan Area (MMR), the National Capital Region (NCR), and Bengaluru.

The Board of Directors of <a href="/businesses/companies/aditya-birla-real-estate/">Aditya Birla Real Estate Limited (ABREL)</a>, at its meeting held today, approved the execution of the business transfer agreement for divestment of the Company’s <a href="/businesses/sectors/pulp-and-paper/">Pulp and Paper</a> undertaking situated in Lalkuan, Uttarakhand, (“CPP”), by way of a slump sale to ITC Limited (“ITC”). &nbsp;The transfer of the business will be for a lump-sum cash consideration of Rs. 3498 Cr., to be paid by ITC to ABREL. &nbsp;The divestment of the Pulp and Paper undertaking is a value unlocking exercise for ABREL. It will further enable the Company to pursue growth opportunities in its core business—real estate.Speaking on the transaction, Mr. R. K. Dalmia, Managing Director, Aditya Birla Real Estate Ltd, said, “The divestment of the Pulp and Paper undertaking by ABREL is a strategic portfolio choice and unlocks value for the shareholders of ABREL. The company has embarked on a transformational growth phase, and this move will further sharpen its focus on real estate to drive sustained value creation.” He added, “Over the years, CPP has become synonymous with strong performance and high sustainability standards. To take it to the next level in size and value, the company is pleased to have found in ITC, a credible and well-established player.”The lump sum consideration is subject to certain adjustments as per the agreement. The transaction is contingent on necessary statutory and regulatory approvals including approvals from the Competition Commission of India (CCI) and shareholders.JM Financial Limited acted as the exclusive financial advisor and AZB &amp; Partners acted as the legal advisor to Aditya Birla Real Estate Limited (“ABREL”) for this transaction.&nbsp;

Aditya Birla Real Estate Limited Divests Century Pulp and Paper undertaking for Rs. 3498 Cr.

Hindalco Industries Limited is the metals flagship company of Aditya Birla Group. It is one of Asia’s largest producers of primary aluminium (excluding China), and with its subsidiary Novelis, a global leader in flat rolled products and the world’s largest recycler of aluminium.In India, Hindalco is the largest aluminium downstream player providing customised solutions in flat rolled products and extruded aluminium solutions.Hindalco is India’s largest copper producer, contributing significantly to India’s domestic refined copper requirements. Its copper facility in India comprises a world-class copper smelter, downstream facilities, and a captive jetty.Hindalco operates across the value chain, from bauxite mining, alumina refining, coal mining, captive power plants, and aluminium smelting to downstream rolling, extrusions, and foils. It serves key sectors such as aerospace and defence, building and construction, electricals, and electronics, automotive and transport, beverage packaging, consumer durables and kitchenware, pharmaceuticals and food packaging, EV and renewables, refractories, and ceramics.Hindalco’s global footprint spans 52 manufacturing units across 10 countries-20 plants in India, and 32 overseas units. Hindalco also operates 23 mines. With a cross-cultural workforce of more than 68,500 people, it remains committed to building an agile, responsive, and productive work environment in line with our strategic priorities of value enhancing growth and strong ESG commitment. &nbsp;<h3>Products</h3>Aluminium<ul><li>Primary aluminium</li><li>Aluminium value added.</li><li>Flat Rolled Products (FRP)</li><li>Extrusions</li><li>Foils and packaging solutions</li><li>Metallurgical alumina &nbsp;</li></ul>Copper<ul><li>Cathodes</li><li>Continuous Cast Rods (CCR)</li><li>Gold and silver</li><li>By-products</li><li>Di-Ammonium Phosphate (DAP)</li><li>Sulphuric acid &nbsp;</li></ul>Chemicals<ul><li>Calcined alumina</li><li>Alumina hydrate</li><li>Sustainability</li></ul> Guided by its purpose of building a Greener, Stronger, Smarter world, Hindalco has made sustainability the backbone of its operations and strategy. Some key initiatives include global-first circular economy solutions that utilise bauxite residue as an industry input rather than waste and pioneering responsible mining through developing India’s first Sustainable Mining Charter. Initiatives for carbon neutrality, water positivity, biodiversity, and zero waste to landfill have contributed to Hindalco being recognised as the world’s most sustainable aluminium company by the Dow Jones Sustainability Indices in 2020 and 2021.&nbsp; Hindalco drives R&amp;D in aluminium solutions because these can play a big role in delivering climate action and sustainable decarbonisation for the nation. We innovated India’s first aluminium trailer, bulker, and bus which can save up to 300 tonnes of carbon per vehicle over their lifetime. We are building new-age rail and transport solutions for freight and passenger transport. We are creating an Aluminium-Air battery that does not require a charging infrastructure.

<a href="/businesses/companies/hindalco-industries-limited/">Hindalco Industries Ltd</a>., the metals flagship of Aditya Birla Group, has unveiled a bold new brand identity, marking its transformation from a materials supplier to an engineered solutions provider. The refreshed identity underscores its role as a co-creator and problem solver, shaping the future of industries such as electric mobility, renewable energy, energy storage, semiconductors, and high-end electronics.The brand identity was unveiled by Aditya Birla Group, Chairman, Mr. Kumar Mangalam Birla in the presence of industry leaders, policymakers, and business partners.Speaking at the launch, Mr. Kumar Mangalam Birla, Chairman, Aditya Birla Group, said, “Today, Hindalco is a mini conglomerate in itself, with 52 plants across 10 countries producing a diverse portfolio of high-quality products that contribute to the global economy. We are committing ₹45,000 crore across aluminium, copper, and specialty alumina businesses to deliver both upstream and next-generation high-precision engineered products”. He added, “Hindalco’s new identity reflects our role as a catalyst for change, a problem solver, and a co-creator of new solutions that power progress across industries. And above all, it embodies our commitment to always being a force for good.”The new Hindalco brand logo, featuring a bold and dynamic ‘H,’ represents forward momentum and reinforces the company’s role in shaping India’s industrial and sustainable future. This transformation is not just about advanced materials, it is about cultivating innovation, attracting top talent, and fostering a high-performance culture that drives continuous progress.Mr. Satish Pai, Managing Director, Hindalco Industries Ltd., added, “This marks a pivotal moment in Hindalco’s journey as we transition from a metals manufacturer to an innovation-driven solutions provider. Our investments in advanced materials, circular economy solutions, and cutting-edge applications will redefine manufacturing in India and beyond. The new brand identity, ENGINEERING BETTER FUTURES, reflects our core principles: Sustainability, Circularity, Durability, and Precision Engineering. These pillars form the foundation of our transformation, ensuring we create a lasting impact for generations to come.”Hindalco’s advancements are already revolutionizing industries and fostering strategic partnerships to accelerate innovation. In automotive and electric vehicles, its lightweight materials enhance efficiency and sustainability. In packaging, it is pioneering circular solutions to minimize waste and improve recyclability. Hindalco is also collaborating with battery manufacturers, developing specialized aluminium and copper materials for anode and cathode components, enabling the next wave of energy storage solutions. In aerospace and defence, it has played a crucial role in ISRO’s landmark projects like Chandrayaan and Mangalyaan, supplying high-performance materials that reinforce India’s space capabilities.Sustainability remains a cornerstone of Hindalco’s transformation. The company is advancing its green initiatives with projects such as India’s first e-waste recycling plant by Birla Copper and a 100MW renewable energy project in Odisha, integrating wind, solar, and pumped hydro storage to provide stable, round-the-clock power.For the fifth consecutive year, Hindalco has been recognized as the World’s Most Sustainable Aluminium Company in the S&amp;P Global Corporate Sustainability Assessment (CSA) rankings. Its ongoing focus on energy-efficient production, waste reduction, and eco-friendly materials aligns with India’s ambitious net-zero goals.

Hindalco unveils new identity in a transformational push to disrupt Indian Manufacturing

<a href="/businesses/companies/hindalco-industries-limited/">Hindalco Industries Limited</a>, the Aditya Birla Group metals flagship, reported a consolidated net profit of ₹3,735 crore for the third quarter, up 60%, driven by a strong operational performance by the India business.<h3>Key Highlights of Q3 FY25 (vs. Q3 FY24)</h3><ul><li>Record Aluminium Upstream EBITDA at ₹4,222 crore, up 73%; EBITDA margin at 42%</li><li>Quarterly Copper EBITDA at ₹777 crore, up 18%</li><li>Consolidated EBITDA at ₹8,108 crore, up 28%</li><li>Consolidated Net Debt to EBITDA at 1.33x as of December 31, 2024</li><li>Hindalco secures Meenakshi Coal Mines boosting resource security</li><li>Hindalco becomes the first Indian company to be awarded the Copper Mark - JDDS Accreditation for its sustainable sourcing and production practices</li><li>Hindalco achieves ‘Top 1%’ ranking in the S&amp;P Global Sustainability Yearbook 2025 with the highest ESG score in the aluminium sector globally&nbsp; &nbsp;</li></ul>Aluminium Upstream EBITDA stood at an all-time high of ₹4,222 crore, up 73%, supported by lower input costs. Copper business recorded an EBITDA of ₹777 crore, up by 18%, backed by continued strong domestic sales and higher by-product realisations. <a href="/businesses/companies/novelis-inc/">Novelis’</a> revenue stood at $4.1 billion, mainly driven by higher average aluminum prices with total rolled product shipments of 904 kilotonnes largely comparable to the prior year period.&nbsp;<figure class="table" style="width:95.62%;"><table class="ck-table-resized"><colgroup><col style="width:37.22%;"><col style="width:10.84%;"><col style="width:11.42%;"><col style="width:12.73%;"><col style="width:13.39%;"><col style="width:14.4%;"></colgroup><tbody><tr><td>Particulars</td><td style="text-align:center;">Q3 FY24</td><td style="text-align:center;">Q2 FY25</td><td style="text-align:center;">Q3 FY25</td><td style="text-align:center;">9M FY24</td><td style="text-align:center;">9M FY25</td></tr><tr><td>Revenue from Operations</td><td style="text-align:center;">52,808</td><td style="text-align:center;">58,203</td><td style="text-align:center;">58,390</td><td style="text-align:center;">1,59,968</td><td style="text-align:center;">1,73,606</td></tr><tr><td>Earning Before Interest, Tax, Depreciation &amp; Amortisation (EBITDA)</td><td style="text-align:center;">&nbsp;</td><td style="text-align:center;">&nbsp;</td><td style="text-align:center;">&nbsp;</td><td style="text-align:center;">&nbsp;</td><td style="text-align:center;">&nbsp;</td></tr><tr><td style="padding:5px;">&nbsp; &nbsp; Novelis*</td><td style="text-align:center;">3,783</td><td style="text-align:center;">3,872</td><td style="text-align:center;">3,097</td><td style="text-align:center;">11,237</td><td style="text-align:center;">11,139</td></tr><tr><td>&nbsp; &nbsp; Aluminium Upstream</td><td style="text-align:center;">2,443</td><td style="text-align:center;">3,709</td><td style="text-align:center;">4,222</td><td style="text-align:center;">6,452</td><td style="text-align:center;">11,424</td></tr><tr><td>&nbsp; &nbsp; Aluminium Downstream</td><td style="text-align:center;">110</td><td style="text-align:center;">154</td><td style="text-align:center;">150</td><td style="text-align:center;">401</td><td style="text-align:center;">414</td></tr><tr><td>&nbsp; &nbsp; Copper</td><td style="text-align:center;">656</td><td style="text-align:center;">829</td><td style="text-align:center;">777</td><td style="text-align:center;">1,840</td><td style="text-align:center;">2,411</td></tr><tr><td>Business Segment EBITDA</td><td style="text-align:center;">6,992</td><td style="text-align:center;">8,564</td><td style="text-align:center;">8,246</td><td style="text-align:center;">19,930</td><td style="text-align:center;">25,388</td></tr><tr><td>Inter Segment Profit/ (Loss) Elimination (Net)</td><td style="text-align:center;">(50)</td><td style="text-align:center;">3</td><td style="text-align:center;">(164)</td><td style="text-align:center;">(51)</td><td style="text-align:center;">(391)</td></tr><tr><td>Unallocable Income/ (Expense) - (Net) &amp; GAAP Adjustments</td><td style="text-align:center;">(620)</td><td style="text-align:center;">533</td><td style="text-align:center;">26</td><td style="text-align:center;">(1,352)</td><td style="text-align:center;">203</td></tr><tr><td>EBITDA</td><td style="text-align:center;">6,322</td><td style="text-align:center;">9,100</td><td style="text-align:center;">8,108</td><td style="text-align:center;">18,527</td><td style="text-align:center;">25,200</td></tr><tr><td>Finance Costs</td><td style="text-align:center;">944</td><td style="text-align:center;">869</td><td style="text-align:center;">817</td><td style="text-align:center;">2,970</td><td style="text-align:center;">2,545</td></tr><tr><td>PBDT</td><td style="text-align:center;">5,378</td><td style="text-align:center;">8,231</td><td style="text-align:center;">7,291</td><td style="text-align:center;">15,557</td><td style="text-align:center;">22,655</td></tr><tr><td>Depreciation &amp; Amortisation (including impairment)</td><td style="text-align:center;">2,051</td><td style="text-align:center;">2,074</td><td style="text-align:center;">1,955</td><td style="text-align:center;">5,705</td><td style="text-align:center;">5,986</td></tr><tr><td>Share in Profit/ (Loss) in Equity Accounted Investments (Net of Tax)</td><td style="text-align:center;">1</td><td style="text-align:center;">-</td><td style="text-align:center;">1</td><td style="text-align:center;">3</td><td style="text-align:center;">3</td></tr><tr><td>Profit before Exceptional Items and Tax</td><td style="text-align:center;">3,328</td><td style="text-align:center;">6,157</td><td style="text-align:center;">5,337</td><td style="text-align:center;">9,855</td><td style="text-align:center;">16,672</td></tr><tr><td>Exceptional Income/ (Expenses) (Net)</td><td style="text-align:center;">-</td><td style="text-align:center;">(514)</td><td style="text-align:center;">(41)</td><td style="text-align:center;">21</td><td style="text-align:center;">(885)</td></tr><tr><td>Profit Before Tax (After Exceptional Item)</td><td style="text-align:center;">3,328</td><td style="text-align:center;">5,643</td><td style="text-align:center;">5,296</td><td style="text-align:center;">9,876</td><td style="text-align:center;">15,787</td></tr><tr><td>Tax</td><td style="text-align:center;">997</td><td style="text-align:center;">1,734</td><td style="text-align:center;">1,561</td><td style="text-align:center;">2,895</td><td style="text-align:center;">5,069</td></tr><tr><td>Profit/ (Loss) After Tax</td><td style="text-align:center;">2,331</td><td style="text-align:center;">3,909</td><td style="text-align:center;">3,735</td><td style="text-align:center;">6,981</td><td style="text-align:center;">10,718</td></tr><tr><td>EPS (/Share) - Basic</td><td style="text-align:center;">10.50</td><td style="text-align:center;">17.59</td><td style="text-align:center;">16.82</td><td style="text-align:center;">31.43</td><td style="text-align:center;">48.25</td></tr></tbody></table><figcaption>Consolidated Financial Highlights for the Quarter and Nine Months ended December 31, 2024. (₹ Crore)</figcaption></figure>*As per US GAAPCommenting on the results, Mr. Satish Pai, Managing Director, Hindalco Industries, said,&nbsp;&nbsp; "Hindalco delivered robust consolidated results in the third quarter despite global uncertainties, driven by an excellent performance of its India business. The Aluminium India Upstream business achieved record quarterly EBITDA, with industry-leading margins of 42%. The downstream segment experienced consistent growth posting a 36% increase in EBITDA. The Copper business delivered a robust 18% growth in EBITDA. The business marked a significant milestone by achieving the ‘Copper Mark- JDDS’ for its responsible and sustainable production practices. Novelis continues to focus on operational and cost efficiency initiatives in the face of current pressures on scrap pricing.During the quarter we secured critical resources for our India upstream business, enhancing our global cost leadership. &nbsp;Key growth initiatives, such as the alumina refinery, aluminium smelter expansion, copper smelter expansion and the FRP project, remain on track. Our strong balance sheet positions us well for the next phase of transformative growth.&nbsp;&nbsp; Our holistic ESG approach continues to gain global recognition. Hindalco is the only company to achieve a Top 1% ranking in the S&amp;P Global Sustainability Yearbook 2025 with the highest ESG score in the aluminium sector.”<h3>Segment-wise Performance</h3><h4>Novelis*:&nbsp;</h4><ul><li>Shipments at 904 KT, down 1%</li><li>Novelis Revenue at $4.1 billion, up 4%, driven by higher average aluminium prices</li><li>Adjusted EBITDA at $367 million, down 19% due to higher aluminum scrap prices and unfavourable product mix</li><li>Net Income at $110 million, down 9%</li></ul>(*As per US GAAP)<h4>Aluminium (India)&nbsp;</h4><ul><li>Quarterly Upstream revenue at ₹9,993 crore, up 25%</li><li>Record Aluminium Upstream EBITDA at ₹4,222 crore, up 73%&nbsp;</li><li>Aluminium Upstream EBITDA per tonne was at $1,480, up 68%, with industry-best margins of 42%</li><li>Downstream revenue at ₹3,195 crore, up 25%</li><li>Aluminium downstream EBITDA stood at ₹150 crore, up 36%</li><li>Sales of Downstream Aluminium at 99 KT, up 10%&nbsp;</li><li>Downstream EBITDA per tonne at $179, up 22%</li></ul><h4> Copper (India)</h4><ul><li>Revenue at ₹13,732 crore, up 15%&nbsp;</li><li>EBITDA at ₹777 crore, up 18%&nbsp;</li><li>Copper metal sales at 120 KT, up 1%</li><li>Copper Continuous Cast Rod (CCR) sales at 95 KT, up 1%</li></ul>&nbsp;<h3>Business Updates &amp; Recognition&nbsp;</h3><ul><li>Hindalco secures Meenakshi coal mines with an annual capacity of 12 million tonnes, boosting resource securitization.</li><li>Hindalco’s Copper Tubes project to be commissioned in Q4 FY25.</li><li>Hindalco is the first Indian company to be awarded the Copper Mark - JDDS (Joint Due Diligence Standard) for its sustainable sourcing and production practices. This Accreditation is recognised by the London Metal Exchange, and OECD (Organisation for Economic Co-operation and Development).</li><li>Hindalco ranks among the top 1% in the S&amp;P Global Sustainability Yearbook 2025 with the highest ESG score in the aluminium sector, globally.</li><li>Hindalco named one of India’s Best Workplaces in Manufacturing – 2025, by the Great Place to work ® Institute for the third consecutive year.</li></ul>

Hindalco Results Q3 FY25: Robust consolidated results backed by strong India business performance

Grasim Industries Limited is the flagship company of Aditya Birla Group. It started as a textiles manufacturer in India in 1947. Today, it has evolved into a leading diversified player with leadership presence across many sectors. It is a leading global producer of Viscose, Diversified Chemicals, Linen Yarn and Fabrics producer in India.&nbsp;The company recently has entered paints business under the brand name ‘Birla Opus’ and would be setting up six plants of manufacturing decorative paints across Pan India locations.&nbsp;Leveraging the Group synergies, Grasim has launched “Birla Pivot”, the B2B online marketplace for building materials. Through its subsidiaries, UltraTech Cement, Aditya Birla Capital and Aditya Birla Renewables, it is also India’s prominent cement producer, leading diversified financial services player and clean energy solutions player.&nbsp;<h3>Grasim has a strong presence in the market through following businesses:</h3>Viscose Staple FibreGrasim is India's pioneer in VSF — a man-made, bio-degradable fibre that is fast emerging as a sustainable alternative to cotton. A versatile fibre, VSF is used in apparel, home textiles, dress materials, knit wears and non-woven applications. Grasim’s business, Birla Cellulose, has a range of fibres which can be used in their original form, or can be blended with all natural and synthetic fibres for enhanced comfort and feel.Starting production in 1954 at Grasim’s Nagda facility, the business has grown steadily over seven decades. The Pulp &amp; Fibre Business of Grasim derives its competitive edge from its integrated business model, with captive raw materials - dissolving grade wood pulp, caustic soda, carbon-disulphide, power generation and steam.Birla Cellulose’s product portfolio includes Livaeco™ by Birla Cellulose, Birla Modal™, Birla Excel™, Birla Viscose™ and Birla Spunshades™. Birla Cellulose fibres are of natural origin, moisture absorbent, have soft feel, and are completely biodegradable.&nbsp;Viscose Filament YarnGrasim Industries Limited is the largest viscose filament yarn (VFY) manufacturer in India and the 3rd largest globally. The company is also the largest VFY exporter in India with exports to 45 countries.VFY business became a part of Grasim Industries Limited on 1st July 2017, following the merger of Aditya Birla Nuvo Limited. Subsequently, Grasim acquired the rights to operate and manage the Century Rayon division of Century Textiles and Industries Limited (CTIL) from 1st February 2018. Since then, Grasim’s VFY production capacity has increased to 48 KTPA.Represented as the brand Raysil® (formerly known as RayOne), VFY is of 100% natural origin and its product portfolio includes 20 deniers to 1200 deniers of both bright and dope dyed viscose filament yarns. Its versatility, superior drape, fluidity and lustre make it a popular choice for manufacturing fabrics such as georgettes, crepes, chiffons, and many more.Grasim’s VFY is manufactured at its twin locations in Shahad, Maharashtra and Veraval, Gujarat.&nbsp;ChemicalsIn 1972, Grasim’s chemicals business was set up to manufacture caustic soda for the company’s VSF unit. Today, it is one of India’s largest caustic soda producers and is a market leader in the chlor-alkali segment. &nbsp;Over the years, Grasim’s chemicals business has created a strong foothold in the industry and offers a wide range of products from chlorine derivatives to epoxy.Chlor-alkali: In 2016, Grasim’s merger with Aditya Birla Chemicals India Ltd. (ABCIL) helped catapult the company’s caustic soda capacity from 452 KTPA to 884 KTPA making it the largest producer of caustic soda in India back then. Today, Grasim’s total caustic soda capacity is 1,290 KTPA. Through brownfield expansion, Grasim plans to expand the caustic soda capacity to 1,530 KTPA from 1,290 KTPA by 2024.The business uses cost-effective membrane cell technology and is largely self-sufficient in power. For gainful utilisation of chlorine, the business has portfolio of chlorine derivatives like Stable Bleaching Powder (SBP), Polyaluminium Chloride (PAC), Chlorosulphonic Acid (CSA), Chlorinated Paraffin Wax (CPW), Calcium Chloride (CaCl), Aluminium Chloride (AlCl) and Chloromethane (CMS).Epoxy: The business’ epoxy products range from basic products like liquid epoxy resins to value added products like formulated resins, reactive diluents and hardeners. The manufacturing complex at Vilayat houses a 123 KTPA capacity epoxy plant. Through expansion, Grasim plans to double the epoxy capacity to 246 KTPA by FY2024.&nbsp;TextilesGrasim ventured into the textiles industry in 1949 by setting up Jaya Shree Textiles at Rishra, West Bengal. Today, Jaya Shree Textiles is one of India’s leading linen and wool manufacturers. It has four strategic business units (SBUs) i.e., linen spinning, linen fabric, wool combing and worsted spinning. Today, Jaya Shree Textiles sells its products in over 50 countries, spanning across six continents.Jaya Shree Textiles has provided the evolving Indian fashion industry with an international edge. Finest flax is sourced from France, Belgium and other parts of Europe to make 100% pure linen. Cutting edge European technology is used to spin the fibres, weave and dye them which makes it unique and difficult to replicate. This superior technology also enables Jaya Shree Textiles to manufacture over 3000 different types of weaves, textures and blends. The company has significantly revolutionised the Indian textile market by popularising linen in India across a wide customer base with its brand ‘Linen Club’.Linen Club is the largest linen fabric brand in India with expertise in linen manufacturing and design, for more than 70 years. Linen Club is the pioneer of linen in India and is now retailed through both exclusive retail outlets and multi-brand outlets. It is the largest linen retail chain in the world.&nbsp;Know more about <a href="/businesses/brands/linen-club/">Linen Club</a>&nbsp;InsulatorsAditya Birla Insulators is India’s largest manufacturer of electrical insulators and is amongst the top four insulator manufacturers globally. It produces the widest range of insulators in India including insulators for transmission lines &amp; substations up to 1200 kV voltage level, as well as equipment &amp; railways. Its total installed manufacturing capacity is 56,400 TPA with specialisation in both ceramic and composite insulators. The company commissioned Composite Hallow Core Insulators (CHCI) plant at Halol which is a joint venture between Aditya Birla Power Composites Limited (ABPCL) with Maschinenfabrik Reinhausen GmbH of Germany in 2019.Know more about <a href="/businesses/companies/aditya-birla-insulators/">Aditya Birla Insulators</a> and <a href="/businesses/companies/aditya-birla-power-composites-limited-abpcl/">Aditya Birla Power Composites Limited</a>&nbsp;PaintsThrough Birla Opus, Grasim aims to be one of the biggest players in the fast-growing decorative paints industry. It plans to set up six manufacturing plants in Haryana, Punjab, Karnataka, Tamil Nadu, Maharashtra, and West Bengal till FY 2025 with a total capacity of 1,332 MLPA and a project cost of ₹10,000 Crore.The trial run for Birla Opus’s three plants began in the third quarter of FY23-24. It’s painting service, branded as PaintCraft, had completed projects at more than 150 sites by December 2023.&nbsp;&nbsp;B2B E-CommerceBirla Pivot, the B2B e-Commerce platform for building solutions, is a business unit of Grasim Industries Ltd. Birla Pivot will primarily focus on MSMEs in the Building Materials segment with the potential to further extend to other relevant categories. It’s key value proposition is an integrated procurement solution including on-time delivery and a superior product range at competitive pricing.&nbsp;Covering a spectrum of building materials, Birla Pivot aims to become a one-stop destination for all procurement needs. Birla Pivot has already onboarded over 120 brands and 5500+ SKUs (stock keeping units), providing its customers with a diverse range of categories &amp; products. These categories are steel, cement, tiles &amp; surfaces, ply &amp; laminates, doors, windows, sanitary &amp; bath fitting, among others. The platform is rapidly launching across North, West &amp; South India.

<a href="/businesses/companies/grasim-industries-limited/">Grasim Industries Limited</a> today announced its financial results for the quarter ended 31st December 2024 (Q3FY25). Consolidated revenue stood at ₹34,793 Cr., up by 9% YoY, driven by the all-round growth across key businesses. Consolidated EBITDA at ₹4,668 Cr., was down 9% YoY mainly due to lower realisations in the Cement business and initial investments for building a strong consumer-facing Paints business: ‘Birla Opus’. Further, higher interest and depreciation charges on account of investments in the Building Materials businesses has led to lower PAT.&nbsp;<figure class="table" style="width:100%;"><table style="border-color:hsl(0, 0%, 0%);border-style:solid;"><tbody><tr><td><ul><li>Revenue: Consolidated revenue for the quarter stood at ₹34,793 Cr., up 9% YoY; TTM revenue at ₹1,39,944 Cr.</li><li>Birla Opus: Out of total six plants planned, four already operational with commissioning of Chamarajnagar in Nov’24. Remaining two plants to be operational in Q4FY25 and Q1FY26.</li><li>Cellulosic Staple Fibre: The Board approves setting up of 110K TPA Lyocell Fibre Plant at Harihar, Karnataka in phases.</li><li>Chemicals: EBITDA higher by 25% YoY led by improved realisation of Caustic Soda and better profitability in Chlorine Derivatives segment.</li><li>Cement: Total Capacity (India + Overseas) reached 171.2 MTPA, on-track to achieve capacity of over 200 MTPA by FY27.</li><li>Financial Services: Total Lending portfolio (NBFC + HFC) grew 27% YoY to ₹1,46,151 Cr.</li></ul></td></tr></tbody></table><figcaption>KEY HIGHLIGHTS – Q3FY25</figcaption></figure>&nbsp;<figure class="table" style="width:100%;"><table><tbody><tr><td style="text-align:center;">9MFY25</td><td style="text-align:center;">9MFY24</td><td style="text-align:center;">YoY&nbsp;</td><td style="text-align:center;">&nbsp;</td><td style="text-align:center;">Q3FY25</td><td style="text-align:center;">Q3FY24</td><td style="text-align:center;">YoY&nbsp;</td></tr><tr><td style="text-align:center;">102,216</td><td style="text-align:center;">93,251</td><td style="text-align:center;">10%</td><td style="text-align:center;">Revenue</td><td style="text-align:center;">34,793</td><td style="text-align:center;">31,965</td><td style="text-align:center;">9%</td></tr><tr><td style="text-align:center;">13,470</td><td style="text-align:center;">14,640</td><td style="text-align:center;">(8%)</td><td style="text-align:center;">EBITDA</td><td style="text-align:center;">4,668</td><td style="text-align:center;">5,150</td><td style="text-align:center;">(9%)</td></tr><tr><td style="text-align:center;">2,562</td><td style="text-align:center;">4,255</td><td style="text-align:center;">(40%)</td><td style="text-align:center;">PAT^</td><td style="text-align:center;">899</td><td style="text-align:center;">1,514</td><td style="text-align:center;">(41%)</td></tr></tbody></table><figcaption>CONSOLIDATED FINANCIAL RESULTS (₹ Cr.)</figcaption></figure>^owner’s share of PAT excluding exceptional items.&nbsp; The Board has approved setting up of 110K TPA capacity of Lyocell, the fastest growing Cellulosic Fibre, at Harihar, Karnataka. The first phase of 55K TPA will be executed by mid-2027 at an investment of ₹1,350 Cr. It will further strengthen the Company’s Specialty product portfolio of Eco-friendly fibres. With this investment, Grasim's total Lyocell capacity marketed under the ‘Birla Excel’ brand will increase to 153K TPA, solidifying its position as a key player in the global sustainable fibre industry. This investment is a testament to the commitment of the Company’s support for growth of India’s textile industry.&nbsp; &nbsp;<h3>Cellulosic Fibres (Cellulosic Staple Fibre: CSF and Cellulosic Fashion Yarn: CFY)</h3>China operating rates improved to 89% in Q3FY25, compared to 86% in Q2FY25. Additionally, average inventory holding was at the lowest level of 8 days compared to an average of 13 days for FY24. Stable demand scenario in China has led to steady CSF prices of $1.65/kg in Q3FY24. CSF sales volume during the quarter stood flat at 205 KT due to production disruption at Excel Plant, Kharach and seasonally weak demand towards the quarter end. CFY business recorded volume growth of 10% YoY though on lower base, however realisations remained under pressure due to surge of cheaper imports from China. Cellulosic Fibres segment reported revenue growth of 6% YoY to ₹3,934 Cr. EBITDA de-grew by 18% YoY to ₹331 Cr. mainly due to higher key input prices. &nbsp;<h3>Chemicals (Chlor-Alkali, Chlorine Derivatives and Specialty Chemicals)</h3>Caustic Soda international average spot prices (CFR-SEA) for Q3FY25 stood higher by 16% YoY at $516/ton, highest since Q1FY24. Subsequently, realisations in domestic markets also improved in line with global prices. However, continued negative Chlorine realisations on account of oversupply resulted in lower growth in ECU realisations of 8% YoY to ₹34,041/ton.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Caustic soda sales volume growth at 1% YoY was muted due to lower production at Vilayat plant restricted by lower power availability. The <a href="/businesses/sectors/chemicals/">Chemicals </a>business revenue was up by 12% YoY at ₹2,226 Cr. EBITDA increased by 25% YoY at ₹329 Cr. driven by improved realisation in Caustic Soda and better profitability in the Chlorine Derivatives segment. &nbsp;<h3>Building Materials (Cement, Paints and B2B E-commerce)</h3>Building Materials segment is expanding capacities to meet the growing demand from infrastructure and Housing requirements. The building materials segment reported revenue growth of 10% YoY to ₹18,784 Cr. The revenue growth has come mainly from new businesses Birla Opus and Birla Pivot. Lower realisations in Cement business (<a href="/businesses/companies/ultratech-cement-limited/">UltraTech</a>) and initial expenses for building a consumer facing brand ‘Birla Opus’ in the Indian decorative paints industry led to lower EBITDA at ₹2,806 Cr., down 14% YoY.Consolidated sales volumes of the Cement business were up by 11% YoY to 30.37 MT and ready-mix concrete sales volumes grew by 14% YoY to 3.17 Mn m3. UltraTech Building Solutions (UBS) outlets increased to 4,432, contributing 19.5% of domestic grey cement sales volume. UltraTech completed the integration of India Cements in the quarter. Total capacity addition till Dec-24 was 25.0 MTPA. Total domestic grey cement capacity is targeted at 182.8 MTPA (including Kesoram capacity of 10.8 MTPA, awaiting regulatory approval for transfer of mines) by the end of FY25.&nbsp;In the Paints business (<a href="/businesses/companies/birla-opus/">Birla Opus</a>), commercial production started at Chamarajanagar in Nov-24 and Mahad is expected to start in current quarter. Kharagpur trial run production is expected to commence in Q1FY26. The advertisement campaigns ‘Naye Zamane ka Naya Paint’ and ‘Make life Beautiful’ have garnered positive response with an extensive outreach to 70 Cr.+ Indians. The product availability has increased to 170+ products with 1000+ SKUs already placed in the distribution channel. The product reach has increased to 5,500+ towns being serviced from 131 depots operational across India. The product quality is getting “Excellent” rating and is witnessing accelerated demand from contractors and consumers leading to increase in counter share at the dealers’ network. The total Capex for the business stood at ₹9,015 Cr. till December 2024, ~90% of the planned Capex outlay.B2B E-Commerce business (Birla Pivot) revenue continues to grow in-line with the plan and remains on track to achieve revenue of $1 billion by FY27. The business has launched ‘Birla Pivot Bathware expanding its private label portfolio beyond Tiles and Plywood. The business has expanded its product offerings across 35 product categories comprising 40,000+ SKUs sourced from 300+ Indian and International brands. Birla Pivot continues to expand its geographical reach with delivery to 375 cities across 26 states and union territories. The business is continuously working on enhancing the user experience by launching customised self-serve tools driving digital adoption across B2B ecosystem. &nbsp;<h3>Financial Services</h3>Revenue and EBITDA of the financial Services business (<a href="/businesses/companies/aditya-birla-capital-limited-abcl/">Aditya Birla Capital</a>), as consolidated in accordance with Ind AS, stood at ₹9,396 Cr. and ₹1,053 Cr. The overall lending portfolio (NBFC and HFC) increased by 27% YoY to ₹1,46,151 Cr. The total AUM (AMC, life insurance and health insurance) grew by 23% YoY to ₹5,03,377 Cr. The business continues to focus on leveraging technology to provide customers an omni-channel experience. During the quarter, the D2C platform, ABCD (Aditya Birla Capital Digital), introduced new products such as travel insurance, UPI lite, physical gold gifting and App-exclusive health insurance product. ABCD application manages +4.1 mn customers as of Jan-25. Udyog Plus, the channel addressing the needs of MSMEs, continues to scale up well with 2.2 mn+ registrations and a total AUM of ~₹3,300 Cr. &nbsp;<h3>Other Businesses (Textiles, Renewables, and Insulators)</h3>Revenue from other businesses stood at ₹815 Cr. and EBITDA stood at ₹125 Cr. In the Renewable business, cumulative installed capacity stood at 1.2 GWp, up 37% from 894 MW in Mar’24 and another 0.8 GW is under advanced stage of commissioning. <a href="/businesses/sectors/textiles/">Textiles </a>business revenue stood at ₹558 Cr. EBITDA remains impacted by exceptional high input prices in linen segment. &nbsp;<h3>Capital Expenditure</h3>Capital expenditure for 9MFY25 stood at ₹2,785 Cr. of which ~71% i.e. ₹1,966 Cr. is spent on new growth businesses, Paints and B2B E-commerce. &nbsp;<h3>Sustainability</h3>Grasim Industries has won “The Conscious Corporate Award 2024” at the Economic Times Awards for Corporate Excellence. The award recognises the Company’s significant progress on Environmental, Social and Governance (ESG) front. Also, the Cellulosic Fibres business of the Company achieved #1 ranking in Canopy’s Hot Button Report 2024 for its commitment to conserve Ancient and Endangered Forests and promote circular solutions. The Company has achieved highest rating of 'Dark Green Shirt' for the fifth consecutive year. The Company remains committed to increase the adoption of renewable energy and water recycling across manufacturing units. On a standalone basis, the proportion of recycled water consumption to freshwater consumption improved to 51%. The share of renewable power consumption in Standalone Businesses stood at 11%. &nbsp;<h3>Outlook</h3>Grasim Industries Limited is well positioned to capitalise on the opportunities in diverse sectors of the fast-growing Indian economy with its significant presence and investments in building up the size and scale of its businesses. The Government’s vision for ‘Viksit Bharat’ with focus on infrastructure &amp; housing, manufacturing, financialisation and thrust on increasing economic prosperity of the large section of people augurs well for the Company.&nbsp;

Grasim Industry announces financial results for Q3FY25

<blockquote><ul><li>Consolidated Revenue1: Rs. 10,949 crore (↑10% y-o-y)&nbsp;</li><li>Consolidated PAT: Rs. 708 crore (Q3 FY24: Rs. 736 crore)&nbsp;</li><li>NBFC AUM: Rs. 1.19 lakh crore (↑ 21% y-o-y and 4% q-o-q)</li><li>HFC AUM: Rs. 26,714 crore (↑ 62% y-o-y and 15% q-o-q)</li><li>Mutual fund quarterly average AUM: Rs.&nbsp;3,83,911 crore (↑ 23% y-o-y)</li><li>Life insurance individual first year premium: Rs.&nbsp;2,595 crore in 9M FY25 (↑ 31% y-o-y)</li><li>Health insurance gross written premium: Rs.&nbsp;3,337 crore in 9M FY25 (↑ 39% y-o-y)&nbsp;</li><li>Udyog Plus, B2B platform for MSMEs crossed Rs.&nbsp;3,300 crore AUM till date</li><li>ABCD, omnichannel D2C platform with 4.1 mn + customer acquisitions till date</li><li>Stellar, B2D platform for channel partners went live</li></ul></blockquote>&nbsp;Aditya Birla Capital Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2024.The consolidated revenue1 grew by 10% year-on-year to Rs.&nbsp;10,949 crore in Q3 FY25. The consolidated profit after tax was Rs. 708 crore in Q3 FY25 compared to Rs. 736 crore in Q3 FY24. The overall lending portfolio (NBFC and HFC) grew by 27% year-on-year and 6% sequentially to Rs. 1,46,151 crore as on December 31, 2024. The total AUM (AMC, life insurance and health insurance) grew by 23% year-on-year to Rs. 5,03,377 crore as on December 31, 2024. The total premium (life insurance and health insurance) grew by 27% year-on-year to Rs. 16,942 crore in 9M FY25.The Company’s omnichannel architecture allows customers to choose the channel of their choice and interact seamlessly across digital platforms, branches and VRMs, fostering engagement and loyalty. The Company’s D2C platform, ABCD offers a comprehensive portfolio of more than 22 products and services such as payments, loans, insurance, and investments. Its unique feature of ‘My Track’ helps users track their personal finance, credit history and health. It helps customers to fulfil their financial needs and serves as an acquisition engine for the Company. The platform has witnessed a strong response with more than 4.1 million customer acquisitions till date. <a href="/businesses/companies/aditya-birla-capital-limited-abcl/">Aditya Birla Capital</a> servicing app for existing customers was rolled out in December 2024. It has been built on a modular platform offering a unified and common servicing infrastructure across all businesses and has a single sign-on with ABCD app.&nbsp;The comprehensive B2B platform for the MSME ecosystem, Udyog Plus, offers seamless, paperless digital journey for business loans, supply chain financing and a host of other value-added services. It continues to scale up quite well with more than 2.2 million registrations. The Company is also seeing an increased adoption from its existing customers, and as a result the total portfolio of Udyog Plus has crossed Rs. 3,300 crore.The B2D digital integrated platform for channel partners, Stellar, went live in January. It offers them a consolidated ‘one view’ dashboard of their business. It helps them to manage their leads and track them till conversion and enables them to grow their business volumes. It will help the Company to increase the product penetration among existing customers.The Company has a pan-India presence of 1,482 branches across all businesses as of December 31, 2024. The Company is focused on capturing white spaces and driving penetration into tier 3 and tier 4 towns and new customer segments. &nbsp;<h3>Highlights of NBFC business in Q3 FY25</h3><ul><li>AUM grew by 21% year-on-year and 4% sequentially to Rs. 1,19,437 crore&nbsp;</li><li>Loans to Retail, SME and HNI customers constitute 64% of the total portfolio&nbsp;</li><li>Profit before tax grew by 5% year-on-year to Rs. 805 crore&nbsp;</li><li>Return on assets was 2.10% and return on equity was 13.87%&nbsp;</li><li>Gross stage 2 and 3 ratio improved by 60 basis points year-on-year to 4.25%&nbsp;</li></ul><h3> Highlights of Housing Finance business in Q3 FY25</h3><ul><li>Disbursements grew by 136% year-on-year and 18% sequentially to Rs. 4,750 crore&nbsp;</li><li>AUM grew by 62% year-on-year and 15% sequentially to Rs. 26,714 crore&nbsp;</li><li>Profit before tax grew by 10% year-on-year and 6% sequentially to Rs. 110 crore&nbsp;</li><li>Return on assets was 1.42% and return on equity was 10.66%&nbsp;</li><li>Gross stage 2 and 3 ratio improved by 177 basis points year-on-year and 45 basis points sequentially to 1.77%&nbsp;</li></ul><h3> Highlights of Asset Management business in Q3 FY25</h3><ul><li>Mutual fund quarterly average assets under management (QAAUM) grew by 23% year-on-year to Rs. 3,83,911 crore, with equity mix at 46.8%</li><li>Equity QAAUM grew by 32% year-on-year to Rs. 1,79,481 crore&nbsp;</li><li>Individual monthly average assets under management grew by 19% year-on-year to Rs. 1,97,331 crore</li><li>Monthly systematic investment plan (SIP) flows grew by 38% year-on-year to Rs. 1,382 crore in December 2024</li><li>Operating profit grew by 42% year-on-year to Rs. 261 crore&nbsp;</li></ul><h3> Highlights of Life Insurance business in 9M FY25&nbsp;</h3><ul><li>Individual First Year Premium (FYP) grew by 31% year-on-year to Rs. 2,595 crore&nbsp;</li><li>Group New Business Premium grew by 32% year-on-year to Rs. 4,036 crore</li><li>Renewal premium grew by 13% year-on-year to Rs. 6,555 crore&nbsp;</li><li>13th month persistency was strong at 87% in December 2024&nbsp;</li><li>61st month persistency continued to improve at 67% in December 2024 (December 2023: 62%)</li><li>Net VNB margin was 10.8%&nbsp;</li></ul><h3> Highlights of Health Insurance business in 9M FY25</h3><ul><li>Gross written premium (GWP) grew by 39% year-on-year to Rs. 3,337 crore</li><li>Market share among standalone health insurers (SAHI) increased by 138 basis points year-on-year to 12.0%&nbsp;</li><li>Combined ratio improved to 114% from 121% in 9M FY24</li></ul>

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